Existing Home Sales Jump To The Highest Level In Two Yearshttp://www.businessinsider.com/existing-home-sales-august-2012-9/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 22:34:59 -0400Eric Platthttp://www.businessinsider.com/c/5059d989eab8eab56a000007Gary AndersonWed, 19 Sep 2012 10:41:13 -0400http://www.businessinsider.com/c/5059d989eab8eab56a000007
Out of all the homes, almost 5 million bought per year, only 2.4 million were financed. The rest were investors. This is a SCAM:
<a href="http://online.wsj.com/article/SB10000872396390443995604578004231728567010.html" target="_blank">http://online.wsj.com/article/SB10000872396390443995604578004231728567010.html</a>http://www.businessinsider.com/c/5059d3046bb3f70b23000017Alternate ViewWed, 19 Sep 2012 10:13:24 -0400http://www.businessinsider.com/c/5059d3046bb3f70b23000017
Thank you for your well crafted response which is better than my post. I disagree with many of your positions and posts but on this we agree in substance and form.http://www.businessinsider.com/c/5059d2c769bedd8324000001Gary AndersonWed, 19 Sep 2012 10:12:23 -0400http://www.businessinsider.com/c/5059d2c769bedd8324000001
NAR will never have credibility after David Lereah basically lied about the housing recovery.http://www.businessinsider.com/c/5059d1df6bb3f7a01e000008Skull & BonesWed, 19 Sep 2012 10:08:31 -0400http://www.businessinsider.com/c/5059d1df6bb3f7a01e000008
NAR, much like the government, has their own figures which should always be taken with half a plate of salt. There are lies, damn lies and NAR statistics!http://www.businessinsider.com/c/5059d0e66bb3f78e2000000fGary AndersonWed, 19 Sep 2012 10:04:22 -0400http://www.businessinsider.com/c/5059d0e66bb3f78e2000000f
Yes, the bankers then lend money to the wealthy and to hedge funds which then buy property with cash, squeezing out the people. Then that is made to look like housing is recovering when we know it is a phony and unsustainable rally.
As household formation slows with the cost of living rising, also due to the Fed allowing too much money to go into speculation in commodities, there will be even less demand for houses. It is amazing that the Fed is doing all the things necessary to weaken main street while trying to save the banks.http://www.businessinsider.com/c/5059cec1ecad04b656000018Alternate ViewWed, 19 Sep 2012 09:55:13 -0400http://www.businessinsider.com/c/5059cec1ecad04b656000018
All numbers are irrelevant because the Fed is going to continue the same policy regardless of numbers until multiple months of outstanding employment figures. One good number of any other kind or even multiple good numbers of any kind other than radical inflation or employment numbers means the brain dead Fed continues to pump the same amount of money into the banking coffers period.